Would you sell cards to buy gold or silver coins?

[homerunhitter]

thanks guys for your responses. I appreciate it.

Do you guys recommend buying silver coins or silver bars?

Is it better to buy one american eagle gold coin or 50 american eagle silver coins (the approx amount of silver coins you could get for the price of one gold coin)

or should i be buying junk silver coins?

Thanks

[Peter_Spaeth]

Originally Posted by homerunhitter

thanks guys for your responses. I appreciate it.

Do you guys recommend buying silver coins or silver bars?

Is it better to buy one american eagle gold coin or 50 american eagle silver coins (the approx amount of silver coins you could get for the price of one gold coin)

or should i be buying junk silver coins?

Thanks

I would stick with gold over silver, personally.

[homerunhitter]

Originally Posted by Peter_Spaeth

I would stick with gold over silver, personally.

Peter,
If I can’t afford gold at the moment , what would you recommended for silver? American eagles? Bars? Junk silver?

Thanks

[Peter_Spaeth]

Originally Posted by homerunhitter

Peter,
If I can’t afford gold at the moment , what would you recommended for silver? American eagles? Bars? Junk silver?

Thanks

Silver to me is just something that goes up and down and doesn't have the attractive long term characteristics that gold has. I would not sell cards to buy silver. But I am no expert.

[homerunhitter]

I will have to figure out how to get gold then! I was just thinking in a situation where the US dollar collapses (which I personally think it will) it would be easier to Bart (but things) with multiple silver coins vs trying to barter with one gold coin. I appreciate your thoughts on this very much.

Thank you

[Peter_Spaeth]

Originally Posted by homerunhitter

I will have to figure out how to get gold then! I was just thinking in a situation where the US dollar collapses (which I personally think it will) it would be easier to Bart (but things) with multiple silver coins vs trying to barter with one gold coin. I appreciate your thoughts on this very much.

Thank you

We've been hearing that doomsday scenario forever. If you really believe it, spend your money stockpiling food water and guns.

[bnorth]

Ny question with gold and silver is where do you sell it? Unless you find another collector willing to pay full value isn't it a loss the second you buy it?

[G1911]

Originally Posted by Peter_Spaeth

We've been hearing that doomsday scenario forever. If you really believe it, spend your money stockpiling food water and guns.

+1. If one genuinely believes the currency system fails, then ammunition and non perishable food investing is the way to go.

I predict this will happen about the time that Hell freezes over.

[58pinson]

Originally Posted by homerunhitter

I will have to figure out how to get gold then! I was just thinking in a situation where the US dollar collapses (which I personally think it will) it would be easier to Bart (but things) with multiple silver coins vs trying to barter with one gold coin. I appreciate your thoughts on this very much.

Thank you

Not in any way giving advice, but if you find the price of 1 oz US gold eagles beyond your comfort zone the coins are available in fractional sizes of 1/10th oz, 1/4 oz, and 1/2 oz.

You would pay a somewhat higher stepup to get the smaller coins, but it's not terrible.

I would say that if you decide to take a plunge just make sure you acquire whatever you decide on from a reputable source. The metals scene is not immune from the scams that seem to be showing up everywhere.

[homerunhitter]

after researching it, my concern is spot price for silver is currently $25, you cant find them anywhere on ebay for less than $40 and when it comes time to sell dealers are buying them for $12-15, so paying $40 for a $25 coin to just sell for $15 doesnt seem like a good investment to me!

i know it has been said that the hope is eventually the price of silver will go up enough to cover seller markups, but I dont see silver going up that much in the next few years based on the past silver prices.

if dealers buy super low so they can make a huge profit on their mark up, im wondering why it would be good to pay $40 a coin just to sell it for $15 down the road?